Home Insurance Quotes

10 scary insurance statistics

Many people underestimate the likelihood of accidents and natural disasters. As a result, they often lack adequate home, health, life, home and car insurance. Here are 10 compelling statistics that may make you rethink your insurance strategy.

1. Undervalued homes

A 2008 survey by Marshall & Swift/Boeckh LLC found that 64 percent of houses in the United States were undervalued for insurance purposes. Among those dwellings, the average homeowner had enough insurance to rebuild only about 81 percent of his home.